Vodafone Qatar nine-month net profit jumps 23.7% to QR611mn

26/10/2026 05:00 AST

Vodafone Qatar has registered a net profit of QR611mn for the nine months ended September 30, reflecting a robust growth of 23.7% compared to the same period last year.

The performance reflects the strength of the company's diversified portfolio, with growth across all core service revenue segments, including mobility, managed services, fixed broadband, Internet of Things (IoT), and wholesale alongside disciplined cost management and robust cash generation.

Service revenue for the period increased by 8.1% year-on-year to QR2.4bn. Total revenue grew by 4.7% reaching QR2.7bn. Vodafone Qatar is now serving 2.1mn mobile customers, representing an increase of 1.2% year-on-year.

EBITDA for the period increased by 10.9% year-on-year to QR 1.2bn, led by higher service revenue and the continued effectiveness of the company's cost optimization program.

As a result, EBITDA margin expanded by 2.5 ppts to 45%, while the underlying EBITDA margin, excluding equipment, reached 49.5%.

The company generated operating free cash flow of QR669mn for the first nine months of 2026, demonstrating its ability to convert earnings into cash while continuing to invest in the business. Net profit margin increased to 22.6%, up by 3.5 ppts compared to the same period last year.

This performance translated into an annualised return on equity (ROE) of 15.1% reflecting an increase of 1.5 ppts compared to FY2025. The result underscores the company's continued commitment to driving sustainable shareholder returns.

Gulf Times